Private Company Valuation
How Credit Risk Reshaped Equity Markets and Corporate Finance Valuation Tools
Format:Paperback
Publisher:Palgrave Macmillan
Published:1st Jan '12
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The recent crisis in financial markets has seen a gradual erosion of risk-free asset classes. In equity markets the credit risk has reached a critical level in valuation. Here a new cost of equity method for private companies is presented based on the pricing of junior subordinated notes. Global business cases are illustrated to support this.The recent crisis in financial markets has seen a gradual erosion of risk-free asset classes. In equity markets the credit risk has reached a critical level in valuation. Here a new cost of equity method for private companies is presented based on the pricing of junior subordinated notes. Global business cases are illustrated to support this.
"In Valuing Private Companies, Oricchio has created an innovative framework for considering the true cost of capital impacting private firms. By adapting tools and techniques from the credit markets to value companies, Oricchio has brought new, exciting and practical thinking to the corporate finance field. Highly recommended."
Erik Banks, Executive Vice President, UniCredit Group
ISBN: 9781349332014
Dimensions: unknown
Weight: 498g
301 pages
1st ed. 2012